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NOV 01 2012

POWERGRID Q2 profit rises to Rs. 1126 crore Total Income scales up to Rs. 3243 crore

  • Economic Times, ET Bureau / Hyderabad
  • Created: Thu 01st NOV 2012

Power Grid Corporation of India Limited (POWERGRID), a ‘Navratna’ Company and the ‘Central Transmission Utility (CTU)’ of the country, has posted a net profit of Rs.1126 crore for the second quarter of FY 2012-13 (July - September, 2012), against Rs. 709 crore reported during the corresponding quarter ended September 30, 2011.

Total Income (turnover) for second quarter (July-September, 2012), rose to Rs.3243, up 32% from Rs. 2459 in the corresponding quarter of previous year.

POWERGRID had registered a net profit of Rs.3255 crore on a turnover of Rs.10,785 crore in the FY 2011-12, registering a growth of about 19% in Turnover and 21% in Net Profit compared to FY 2010-11 and the Company has declared a total dividend of 21.1% for financial year 2011-12.

At present, POWERGRID is operating more than 96,216 ckt. kms. of transmission lines along with 158 Sub-stations with transforma­tion capacity of about 1,51,303 MVA. The existing Inter-Regional power transmission capacity is about 28,000MW and the average system availability is maintained at above 99%.

After successfully meeting its capex target of Rs. 55,000 crore for XI Plan, POWERGRID has planned Rs.100,000 crore capital expenditure in XII plan. The company has a capex plan of Rs.20,000 crore for the current financial year.

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